posted on March 21, 2011 08:38:47 AM new
I have 3 transactions with no payment, just waiting. The highest is a $240 purchase that is 4 days old and the buyer just received a non-payment notification from eBay. All of the buyers are long time buyers with 90-250 feedback.
It is quite rare that I have high dollar items just waiting for payments and I probably wouldn't get ticked if it wasn't spring break and things are already so slow.
posted on March 21, 2011 07:59:29 PM new
Auction is passe,most end with just one bid and I dont call that an auction.
You will see more BIN and Ebay stores.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 22, 2011 08:39:11 AM new
With BIN,you can specify immediate payment via Paypal,unless your shipping varies with location?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 22, 2011 08:41:39 AM new
There are many resellers shopping on Ebay,business is kind of slow right now,they could be short on cash,or worse,max out on their credit card.
Or they could fear layoffs coming at their place of work.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 22, 2011 08:48:12 AM new
I have seen some sellers ask for immediate payment on the item and then send a paypal invoice for shipping later,that way you have most of the payment and he is not going to ignore your paypal invoice.
Come to think of it,you dont have to pay Ebay FVF on shipping.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 22, 2011 09:57:02 AM new
Just curious, do you know if can I use Immediate Payment for Make an Offer items if I have preset auto-accept prices in place?
posted on March 22, 2011 10:41:09 AM new
My question was more about if I have auto-accept set up on my "make an offer" listings. If eBay knows to auto accept the offer, then they should be able to automatically process immediate payments since it can be all done in sequential order... but that of course is logic speaking, and eBay rarely uses logic.
posted on March 22, 2011 12:41:17 PM new
I just listed item #250792892092 with Best Offer and Immediate Payment required. Further, I have preset auto-accept prices in place.
posted on March 22, 2011 01:52:09 PM new
My question was more about if I have auto-accept set up on my "make an offer" listings. If eBay knows to auto accept the offer, then they should be able to automatically process immediate payments since it can be all done in sequential order... but that of course is logic speaking, and eBay rarely uses logic.
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yes,it will work,it works for me.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 22, 2011 03:32:20 PM new
Something has been seriously screwed up with eBay Checkout or PayPal for the last 2 weeks.
Running about 50% slow or no pay right now.
The few customers who have responded to Payment Reminders are telling me that ebay checkout says we do not accept PayPal. WTF?? PayPal is the only payment we accept. I have been resending the invoice and buyers are now paying up.
posted on March 22, 2011 07:09:31 PM new
So, with eBay combined invoices, do you think people are buying from multiple sellers and then waiting to use this system to pay everyone at one time? If so, this will be a MAJOR problem.
posted on March 22, 2011 07:52:15 PM new
one other thing. do you think it matters to buyers?
I have seen a few arguments for and against this. eBay's checkout (or previous lack thereof) gives buyers the opportunity to bid or "buy" now, but pay later.
posted on March 23, 2011 07:26:15 AM new
I dont understand Ebay combined checkout,we already have combined Paypal checkout where we pay all the purchases?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 23, 2011 07:28:30 AM new
Excuse email buyer #1
"Sorry about the little delay in payment. I have been waiting to be bale to get some funds into my account to send payment. I 100% want this item!! PLEASE do not file unpaid item strike. I am hoping to get the funds by the 24th but it may be later this week.
Please email me with any questions.
Thanks for your patience."
Excuse email buyer #2
"Hi, please allow me a few day to get home and send you the payment I am sorry for the delay but we have lost a family member this week due to cancer and I really have been busy dealing wiith the lost."
What irritates me is the last minute email after ignoring the invoices sent. buyer #1 should have emailed me the 1st or 2nd day... or even before purchasing these to make sure it isn't a problem. #2, well... that is a whole other can of worms.
posted on March 23, 2011 09:07:17 AM new
are your items easy to resell?
Do you attract lurkers who are hoping to resell your items?
I just sold an item $525 with free express shipping,he paid right away,no problem and I just dropped it off at the mail pickup place.
My only worry is if USPS can come thru delivering this package on time!
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 23, 2011 09:24:06 AM new
Generally, the answer is no. With that said, there are some high end dealers in places like NYC, LA, Chicago that will buy to resell in their high end galleries.
I had someone inquire about a lamp we had in our store for $500. They wanted me to sell it to them for $300 plus shipping. I did some quick research and discovered they were from a gallery in NYC and had similar lamps for $1500-2000.
If you recall the lamp we sent to auction 1.5 years ago and sold for $2500, the buyer was likely a dealer in a major city who would resell it for $4000-6000 in their gallery.
Funny how there are vintage shops, then there are boutiques, and then galleries, the price generally doubles each step of the way.
posted on March 23, 2011 10:31:35 AM new
If they are in prime Manhattan location,their rent is in the 5 -6 figures.
I recall in New Orleans Royal Street of French Quarter,one store pays 6 figures rent !
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 23, 2011 10:33:47 AM new
Years ago,one woman sold her aunt's Tiffany Studio Dragonfly lamp,both collectors and dealers bidded on it and it ended at 112,000 dollars.
Hey,why let the dealer win and then you the private collector has to pay $400,000 for this lamp !
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 24, 2011 02:29:56 PM new
The answer is because the buyer who ended up buying this lamp for $400K wasn't at the auction. If they can spend that kind of money on a lamp, they aren't going to waste their day sitting at an auction. They are going to directly into the boutique where they bought it and pay an outrageous price to the dealer who bought it at auction.
beyond that, i don't know any dealers who spend $112K on a lamp at auction and sell it for $400K. That is a big margin. I see a dealer asking $175-200K, and taking $125-$150K on it.
posted on March 24, 2011 05:42:17 PM new
Shag,
You obviously is not a fan of old master Louis Comfort Tiffany!
Whoever won that lamp for 120,000 ten years ago on Ebay,should have no problem selling it for more ,much more .
It is a gorgeous lamp !
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 24, 2011 05:53:46 PM new
i was talking about buying it in auction and immediately placing it in a retail setting for $400K.
it is rare that high end dealers can get 4 times what they paid at auction in a retail market. Generally, it is 10-50% higher than they paid. At those price points, it is easy to justify making a 10% profit if you are getting $12,000 at that rate.
posted on March 24, 2011 07:06:02 PM new
I dont know,seldom do you see a genuine Tiffany studio lamp coming to the market,this one is the real thing.
Those who were bidding must know the trade and/or the lamp,they may already have clients who would buy them.
If you are Mrs.Nelson Rockefeller or Jackie Kennedy Onassis and I called you and said I
have this lamp,should I sent it to your residence?
You dont say 'How much?"
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on March 25, 2011 06:56:55 AM new
Shag,
any dealer who plunked down 112k for a lamp is not looking for a quick 12k profit,a quick sale would be 30-40k ,a slow sale in 1-2 years could be 65k plus.
112K tied up in inventory,not too many dealers can do that.If he is buying on credit,he has to pay interest and as long as this item sits in his store,he cannot free up capital to buy other items.
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There is no 'Global savings glut',only wild horses and loose bankers.
